Member Info for MIKODX

AquaeSulis01 - I really dont want to go back and forth with you, but I can't let you put that out there without responding. I've got a calculator right here in front of me. Lets do the Maths together, 22000 x 400% = 88000. There you have it. It's almost 400% not 250%.

It’s in the half yearly report. Last year we made revenue of 22K after six months, this year we’ve done 77K, that’s an increase of almost 400%.

Sales have gone up almost 400% in a year and you don't think that's booming? There's just no pleasing some people. Well personally, If Sales continue to increase at that rate year on year, I will be more than happy.

Croda International is a huge company with a MCAP of 65B. They seem deeply interested in the Axisbiotix-PS product and have extended their contract with us for another year. Latest news is that sales are booming. What's the chances they could buy out SBTX?

Sold out after being here since 2018. It's been full of ups and downs, I've bought and sold more on top of my initial holding, and learnt a lot. But it's time to bail out now with decent profits of 50%. This was a long term hold and I have been holding for long, but it's long enough now.

Back in 2018 I thought this company would be big by this time, they've made steps forward but the cost of getting this type of project moving takes time and most importantly, money. The scientists used by AFC dont come cheap and this shows in our monthly cashburn. I'm sure AFC will do well in the future, but that future could be a long way away at the rate the company is going. I'll most definitely still be keeping an eye on this. For all those still here with their fingers and toes crossed, I hope you all make a decent earner and the very best of luck.

On the SP. In a bit of a state isn't it?

MyIPA - Of course you multiply by four to get the minimum annual figure. How else would you calculate the minimum yearly figure, pray tell me?

MyIPA - The prices I've quoted is from prices we have received to date. As this is the first quarter since production started, it will be expected that production will increase as things settle down. At the moment we are producing approximately 70.000 scm/d. October will reduce to 60,000scm/d for testing purposes and increase back up in November. The price I quoted was the minimum we can expect. You can agree or disagree I really dont care, I'm just happy that production has got under way.

The moment every company looks forward to, when production is realised. The site at Selva field is now successfully producing gas which is being sold to BP Gas MArketing. PM-1 gas production started on 4 July 2023.

Gross quarterly production from the Selva Malvezzi production concession was 5,658,117 scm (2,093,503 scm net to PXEN) and gross revenue for the quarter was ?1,937,072 (?716,717 net to PXEN).

I'm sure the currency is Euros, so that would equate to £623,050 per quarter which is just under 2.5M per year. A very nice income stream for the company. Once the market notices whats happening over here, our MCAP should start to reflect that.

Holding Firmly.

We remain extremely optimistic over the outlook for the hydrogen economy and AFC Energy's role in it. Material funding continues to be allocated by both Governments and the private sector and we now are seeing the fruits of that investment.

For AFC Energy, the focus for the remainder of this year is to make the first delivery of the next generation H-Power Generators, with a particular focus on fulfilling market demand from Speedy Hire in the UK and ACCIONA in Spain. We are confident that we are on track to deliver on these commitments, thereby underpinning our revenue targets for next year.

The remainder of this financial year will see continued rental revenue from H-Power Towers (via Speedy Hire) and hydrogen sales into those sites, before the transition to a larger sales-based revenue model through our relationship with Speedy Hire and other potential distributors, dealers and plant hire businesses overseas.

The continued execution of our strategy to deliver a zero emission, hydrogen fuelled generator to displace diesel continues to align very well with industry projections and commitments and so it is important to capitalise on these opportunities with short term focus on market penetration and deployments.

Further evidence of a scaled up, modular ammonia cracker technology is also forecast over the next six months, highlighting the potential value AFC Energy has not just in fuel cell technology, but also hydrogen generation - each a huge addressable market in their own right.

As I've said previously, I'm not happy with the way the company has been run lately especially with the number of staff to turnover ratio. But the Outlook is still the same with strong fundmentals in place. Lets hope tis turns around soon.

. Gas prices remain volatile with the current spot price of ~€0.53/cm which is ~50% higher than

the €0.32/cm weighted average price received during the quarter

• Quarterly production was 5,658,117 scm of gas (on a 100% basis) and revenue for the quarter

ending 30 September 2023 was €1,937,072 (on a 100% basis)

So with PXEN receiving 37% we could see a turnover of 1.2M this quarter.

It’s pretty obvious, the company is heavily in debt, and the books make for some dire reading. But this could all be over and the books straightened out if the CEO decides to bail the company out like he usually does. We know the debt is not really a debt as the CEO is the majority owner of the company. He’s worth billions and could turn this company around in an instant. He has promised to continue to support the company so this could turn around at any given time. Let’s hope it’s soon.

Seems like this company is finally producing revenue. Can someone explain then, why the SP continues to fall?

Marley2 there was a time I believed in this company, but when I look at the financial statements it just doesn't add up. We blew almost 20M last year and only produced gross profits of 150K. I thought this company was going places but it's now looking like wash, rinse, and repeat. The 60M Bond took off shareholders a couple of years ago has now dwindled down to 30M, so you can guarantee within the next 18 months the company will be back asking shareholders for more money with very little to show for the 60M they got last time. I've been here five years now, and I honestly thought we would be churning out some world class products and increasing our turnover tenfold. But the facts are, that has just not happened. Bond needs to go, waste of space and cant count for toffee.

Badprophet not underwater at all. Bought this over five years ago at 9p. If you can’t see the direction this company is going then you’re just as blind as all the rest. Good luck, you’re gonna need it.

You can have all the contracts in the world, if your burning through cash like no ones business, then the company and the BOD is no good to us shareholders. This company is going nowhere fast and I'm now convinced. The first opportunity I get I 'm out of this dog. Seems like Mr Bond likes to show us all these wonderful contracts he's winning when in truth, they are not bringing in the type of money to get this company moving. Too much money spent on developing the products. Last year they made 115K gross profit, yet had a operating loss of 19M. How the hell they manage that? Money seems to pour out of this company with not much coming in, which is why it's in such a mess. The half year results was dire, and were now in the final month of the financial year. The way the SP is going it looks like this years financials could be worse than last years, which means the SP will continue to drop. The company is still in good financial shape thanks to the 60M he took off shareholders a couple of years ago, but that is now dwindling down rapidly, along with the SP. It's time to cut my losses. Still made a decent profit, but if I stay in this any longer those profits will diminish. Typical sh.. show from Bond and the team, and the SP proves it.

ODX dont exist anymore.

On the other hand we have managed to win a 1.2M grant since his arrival, so there is still hope.

Can’t believe this new CEO hasn’t made a statement yet. Very poor show from the board.

That’s why they’re called Power Towers, because they’re tall and upright, and maybe not designed to lay flat. But surely loading it on the back of an artic is a bit of an overkill? Couldn’t they have got a more cost effective mode of transport? An artic would be more appropriate if you had multiple towers not just one. Unless there’s a very good reason for it, then I don’t see why a smaller more enclosed vehicle wasn’t used. One unit on the back of an artic looks ridiculous, makes AFC look ridiculous as well.